Nickel; Unwrought, Alloys Price in Japan - 2023
Contents:
- Nickel; Unwrought, Alloys Price in Japan (CIF) - 2023
- Nickel; Unwrought, Alloys Price in Japan (FOB) - 2023
- Nickel; Unwrought, Alloys Imports in Japan
- Nickel; Unwrought, Alloys Exports in Japan
Nickel; Unwrought, Alloys Price in Japan (CIF) - 2023
In July 2023, the average nickel; unwrought, alloys import price amounted to $42,023 per ton, growing by 4.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 21% against the previous month. Over the period under review, average import prices attained the maximum at $47,780 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($44,630 per ton), while the price for Belgium ($29,962 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.6%), while the prices for the other major suppliers experienced a decline.
Nickel; Unwrought, Alloys Price in Japan (FOB) - 2023
In July 2023, the average nickel; unwrought, alloys export price amounted to $16,495 per ton, picking up by 23% against the previous month. Over the period under review, export price indicated a perceptible increase from July 2022 to July 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nickel; unwrought, alloys export price increased by +23.2% against June 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 105% month-to-month. As a result, the export price attained the peak level of $21,001 per ton. From October 2022 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($148K per ton), while the average price for exports to China ($13,460 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Imports in Japan
In 2022, after three years of growth, there was decline in purchases abroad of nickel; unwrought, alloyses, when their volume decreased by -3.7% to 964 tons. The total import volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 1K tons, and then reduced modestly in the following year.
In value terms, nickel; unwrought, alloys imports surged to $36M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nickel; Unwrought, Alloys in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 16.2 | 17.4 | 21.0 | 32.6 | 26.3% |
| Belgium | 1.8 | 1.1 | 1.9 | 2.1 | 5.3% |
| United States | 0.9 | 2.8 | 3.5 | 1.0 | 3.6% |
| Australia | 1.1 | 0.8 | 1.1 | 0.4 | -28.6% |
| Spain | N/A | N/A | N/A | 0.2 | 0% |
| China | 0.6 | 0.2 | 1.9 | N/A | 78.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 20.7 | 22.4 | 29.6 | 36.5 | 20.8% |
Top Suppliers of Nickel; Unwrought, Alloys to Japan in 2022:
- United Kingdom (824.3 tons)
- Belgium (66.0 tons)
- United States (29.3 tons)
- Australia (20.0 tons)
- Spain (16.0 tons)
- China (0.5 tons)
Nickel; Unwrought, Alloys Exports in Japan
In 2022, the amount of nickel; unwrought, alloyses exported from Japan surged to 3.6K tons, rising by 107% compared with 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 258% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, nickel; unwrought, alloys exports skyrocketed to $45M in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 212%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Nickel; Unwrought, Alloys in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 0.2 | 12.6 | 32.7 | 260.1% |
| South Korea | 0.7 | 1.4 | 1.1 | 3.4 | 69.4% |
| Switzerland | 2.0 | 1.1 | 2.1 | 3.3 | 18.2% |
| Spain | 1.7 | 1.6 | 0.6 | 2.3 | 10.6% |
| Taiwan (Chinese) | 1.8 | 0.5 | 1.0 | 1.4 | -8.0% |
| Germany | 6.9 | N/A | 1.3 | 1.1 | -45.8% |
| United Kingdom | 1.2 | 0.9 | 0.5 | N/A | -35.5% |
| Others | 2.7 | 0.7 | 1.1 | 0.9 | -30.7% |
| Total | 17.7 | 6.5 | 20.2 | 45.2 | 36.7% |
Top Export Markets for Nickel; Unwrought, Alloys from Japan in 2022:
- China (3062.0 tons)
- Switzerland (153.1 tons)
- Spain (134.5 tons)
- South Korea (116.1 tons)
- Taiwan (Chinese) (83.7 tons)
- Germany (53.8 tons)
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This report provides an in-depth analysis of the nickel market in Japan.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Japan.
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This report provides an in-depth analysis of the nickel market in Japan.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
84
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1187
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
816
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
999
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
